BlackRock Inc. Boosts Stock Position in Alliant Energy Co. (NASDAQ:LNT)

BlackRock Inc. grew its holdings in Alliant Energy Co. (NASDAQ:LNT) by 0.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,927,507 shares of the company’s stock after buying an additional 173,898 shares during the quarter. BlackRock Inc. owned 10.36% of Alliant Energy worth $1,451,424,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of LNT. Amundi acquired a new stake in shares of Alliant Energy in the second quarter worth approximately $63,041,000. First Trust Advisors LP boosted its stake in shares of Alliant Energy by 44.6% in the second quarter. First Trust Advisors LP now owns 2,377,127 shares of the company’s stock worth $132,549,000 after acquiring an additional 732,830 shares during the last quarter. Morgan Stanley boosted its stake in shares of Alliant Energy by 71.1% in the second quarter. Morgan Stanley now owns 1,180,570 shares of the company’s stock worth $65,829,000 after acquiring an additional 490,768 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Alliant Energy by 246.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 599,109 shares of the company’s stock worth $33,539,000 after acquiring an additional 426,318 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Alliant Energy by 23.7% in the second quarter. Bank of America Corp DE now owns 1,539,250 shares of the company’s stock worth $85,828,000 after acquiring an additional 295,036 shares during the last quarter. Institutional investors and hedge funds own 75.02% of the company’s stock.

NASDAQ LNT opened at $60.07 on Friday. The stock’s fifty day moving average is $58.53 and its two-hundred day moving average is $58.34. The firm has a market capitalization of $15.03 billion, a P/E ratio of 23.74, a price-to-earnings-growth ratio of 3.64 and a beta of 0.43. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.51 and a current ratio of 0.65. Alliant Energy Co. has a fifty-two week low of $45.99 and a fifty-two week high of $62.35.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Thursday, November 4th. The company reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.06. Alliant Energy had a return on equity of 11.01% and a net margin of 18.12%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $895.37 million. During the same quarter in the previous year, the business earned $0.98 earnings per share. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, sell-side analysts forecast that Alliant Energy Co. will post 2.64 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 15th. Shareholders of record on Monday, November 1st were given a $0.4025 dividend. The ex-dividend date was Friday, October 29th. This represents a $1.61 dividend on an annualized basis and a yield of 2.68%. Alliant Energy’s dividend payout ratio is currently 63.64%.

Separately, Zacks Investment Research lowered Alliant Energy from a “buy” rating to a “hold” rating and set a $63.00 price target on the stock. in a research note on Tuesday, December 14th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $61.29.

Alliant Energy Company Profile

Alliant Energy Corp. is a regulated investor-owned public utility holding company that engages in the provision of regulated electricity and natural gas service to natural gas customers in the Midwest through its two public utility subsidiaries. It operates its business through following segments: utility electric operations, utility gas operations; and utility other.

See Also: Convertible Shares

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Institutional Ownership by Quarter for Alliant Energy (NASDAQ:LNT)

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